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Author Question: The line joining the old and new optimum points following a pivotal rotation of the budget line is: ... (Read 105 times)

magmichele12

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on: Jun 30, 2018
The line joining the old and new optimum points following a pivotal rotation of the budget line is:
 a. the price-consumption curve.
 b. the income-consumption curve.
  c. the Engels curve.
 d. the hypothetical budget line

Question 2

The term compensating wage differential refers to:
 a. the bargaining capacity of a monoposonist in the labor market.
  b. the wage differences that arise from differences in the risk involved in different jobs.
  c. the criteria on which a firm offers a 401K plan to all its employees or just some employees.
  d. the wage differences that arise from difference in productivity of the workers in a firm.
  e. the negotiating power of the trade union.


raili21

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


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